GLTP.L vs. SGLS.L
Compare and contrast key facts about Invesco UK Gilts UCITS ETF Dist (GLTP.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.L).
GLTP.L and SGLS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLTP.L is a passively managed fund by Invesco that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Mar 18, 2019. SGLS.L is a passively managed fund by Invesco that tracks the performance of the Gold (GBP Hedged). It was launched on Jul 9, 2020. Both GLTP.L and SGLS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GLTP.L vs. SGLS.L - Performance Comparison
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GLTP.L vs. SGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLTP.L Invesco UK Gilts UCITS ETF Dist | -1.33% | 5.35% | -4.39% | 3.50% | -24.95% | -5.40% | -1.15% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 10.32% | 64.22% | 24.42% | 11.48% | -1.42% | -4.63% | -3.17% |
Returns By Period
In the year-to-date period, GLTP.L achieves a -1.33% return, which is significantly lower than SGLS.L's 10.32% return.
GLTP.L
- 1D
- 0.68%
- 1M
- -3.10%
- YTD
- -1.33%
- 6M
- 1.80%
- 1Y
- 2.78%
- 3Y*
- 0.21%
- 5Y*
- -4.73%
- 10Y*
- —
SGLS.L
- 1D
- 3.51%
- 1M
- -9.97%
- YTD
- 10.32%
- 6M
- 22.83%
- 1Y
- 50.63%
- 3Y*
- 32.51%
- 5Y*
- 21.44%
- 10Y*
- —
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GLTP.L vs. SGLS.L - Expense Ratio Comparison
GLTP.L has a 0.06% expense ratio, which is lower than SGLS.L's 0.34% expense ratio.
Return for Risk
GLTP.L vs. SGLS.L — Risk / Return Rank
GLTP.L
SGLS.L
GLTP.L vs. SGLS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilts UCITS ETF Dist (GLTP.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GLTP.L | SGLS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 1.94 | -1.51 |
Sortino ratioReturn per unit of downside risk | 0.61 | 2.41 | -1.80 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.35 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.83 | -2.25 |
Martin ratioReturn relative to average drawdown | 1.96 | 11.03 | -9.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLTP.L | SGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 1.94 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 1.34 | -1.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 1.03 | -1.30 |
Correlation
The correlation between GLTP.L and SGLS.L is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLTP.L vs. SGLS.L - Dividend Comparison
GLTP.L's dividend yield for the trailing twelve months is around 4.49%, while SGLS.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLTP.L Invesco UK Gilts UCITS ETF Dist | 4.49% | 4.39% | 4.33% | 3.24% | 1.62% | 0.81% | 0.81% | 0.72% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLTP.L vs. SGLS.L - Drawdown Comparison
The maximum GLTP.L drawdown since its inception was -37.02%, which is greater than SGLS.L's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for GLTP.L and SGLS.L.
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Drawdown Indicators
| GLTP.L | SGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -21.94% | -15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.87% | -17.93% | +13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -34.89% | -21.94% | -12.95% |
Current DrawdownCurrent decline from peak | -28.37% | -10.03% | -18.34% |
Average DrawdownAverage peak-to-trough decline | -18.45% | -6.78% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 4.60% | -3.15% |
Volatility
GLTP.L vs. SGLS.L - Volatility Comparison
The current volatility for Invesco UK Gilts UCITS ETF Dist (GLTP.L) is 2.90%, while Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a volatility of 11.86%. This indicates that GLTP.L experiences smaller price fluctuations and is considered to be less risky than SGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTP.L | SGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 11.86% | -8.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 22.18% | -17.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 25.94% | -19.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 17.90% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 18.20% | -7.92% |